Del Frisco's Restaurant Group (NASDAQ:DFRG)‘s stock had its “outperform” rating reissued by investment analysts at Credit Suisse Group in a report released on Tuesday. They currently have a $17.50 price target on the restaurant operator’s stock, down from their prior price target of $20.00. Credit Suisse Group’s price target indicates a potential upside of 12.54% from the stock’s previous close.

DFRG has been the topic of a number of other research reports. BidaskClub cut shares of Del Frisco's Restaurant Group from a “buy” rating to a “hold” rating in a research note on Saturday, February 17th. Bank of America raised shares of Del Frisco's Restaurant Group to a “buy” rating in a research note on Friday, March 2nd. Zacks Investment Research cut shares of Del Frisco's Restaurant Group from a “buy” rating to a “hold” rating in a research note on Monday, February 5th. Deutsche Bank raised shares of Del Frisco's Restaurant Group from a “hold” rating to a “buy” rating in a research note on Friday, March 2nd. Finally, Canaccord Genuity reissued a “hold” rating and issued a $16.00 price target on shares of Del Frisco's Restaurant Group in a research note on Friday, March 9th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company. Del Frisco's Restaurant Group currently has an average rating of “Hold” and a consensus price target of $17.50.

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Del Frisco's Restaurant Group (DFRG) remained flat at $$15.55 during trading on Tuesday. 11,188 shares of the company’s stock were exchanged, compared to its average volume of 287,217. Del Frisco's Restaurant Group has a 52 week low of $11.70 and a 52 week high of $18.85. The stock has a market cap of $336.32, a price-to-earnings ratio of -26.81, a PEG ratio of 2.12 and a beta of 0.93. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.33 and a current ratio of 0.76.

Del Frisco's Restaurant Group (NASDAQ:DFRG) last released its quarterly earnings results on Thursday, March 8th. The restaurant operator reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.04). Del Frisco's Restaurant Group had a negative net margin of 3.17% and a positive return on equity of 6.96%. The company had revenue of $121.89 million during the quarter, compared to analyst estimates of $123.12 million. During the same period in the prior year, the business posted $0.37 EPS. Del Frisco's Restaurant Group’s revenue was up 2.3% compared to the same quarter last year. sell-side analysts anticipate that Del Frisco's Restaurant Group will post 0.68 EPS for the current fiscal year.

Del Frisco's Restaurant Group declared that its Board of Directors has authorized a share repurchase plan on Thursday, March 8th that permits the company to repurchase $50.00 million in outstanding shares. This repurchase authorization permits the restaurant operator to reacquire shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.

In other news, CEO Norman J. Abdallah acquired 15,000 shares of the firm’s stock in a transaction on Monday, March 12th. The shares were bought at an average price of $16.13 per share, for a total transaction of $241,950.00. Following the acquisition, the chief executive officer now owns 67,712 shares of the company’s stock, valued at approximately $1,092,194.56. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 2.70% of the company’s stock.

A number of hedge funds have recently made changes to their positions in DFRG. Vanguard Group Inc. lifted its holdings in Del Frisco's Restaurant Group by 4.4% in the 2nd quarter. Vanguard Group Inc. now owns 999,420 shares of the restaurant operator’s stock valued at $16,091,000 after purchasing an additional 41,946 shares in the last quarter. Voya Investment Management LLC raised its holdings in shares of Del Frisco's Restaurant Group by 12.7% during the 2nd quarter. Voya Investment Management LLC now owns 14,576 shares of the restaurant operator’s stock worth $235,000 after acquiring an additional 1,643 shares during the period. State Street Corp raised its holdings in shares of Del Frisco's Restaurant Group by 8.1% during the 2nd quarter. State Street Corp now owns 447,940 shares of the restaurant operator’s stock worth $7,214,000 after acquiring an additional 33,730 shares during the period. Prudential Financial Inc. raised its holdings in shares of Del Frisco's Restaurant Group by 97.5% during the 3rd quarter. Prudential Financial Inc. now owns 150,360 shares of the restaurant operator’s stock worth $2,188,000 after acquiring an additional 74,240 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in shares of Del Frisco's Restaurant Group by 6.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 165,249 shares of the restaurant operator’s stock worth $2,405,000 after acquiring an additional 9,445 shares during the period. Institutional investors own 86.58% of the company’s stock.

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About Del Frisco's Restaurant Group

Del Frisco’s Restaurant Group, Inc develops, owns and operates three contemporary, complementary restaurants: Del Frisco’s Double Eagle Steak House (Del Frisco’s), Sullivan’s Steakhouse (Sullivan’s) and Del Frisco’s Grille (the Grille). As of December 27, 2016, the Company operated 53 restaurants in 24 states and the District of Columbia in the United States.